Where Real Estate Gets Its Dirt

Is a standards based add/edit actually here? Perchwell and REBNY, say yes.

RESO Add/Edit is Official: 6 Tech Companies Lead the Way

“REBNY and its technology vendor Perchwell were the first companies to be certified for implementing full-listing Add/Edit. NYC brokers and their vendors have their own listing interfaces that integrate with REBNY’s Residential Listing Service (RLS).

Companies like RESO members Lofty, RealPlus and RESoft send their brokers’ listings directly into the Add/Edit-equipped RLS. Allowing brokers to use whichever apps or systems work best for them to update RLS data greatly enhances product choice and competition.”

RESO

I’m a bit late to this but, if this can go mainstream it would be huge for the industry.

New RESO Board Elections results announced

RESO Announces 2024 Board of Directors Election Winners

““The real estate industry is constantly changing and growing, and we need strong leaders to help navigate the wealth of technology at our disposal,” said Rebecca Jensen, President and CEO of Midwest Real Estate Data (MRED), who was re-elected as a director and chosen to return as 2024 Chair of the RESO board. “RESO’s membership elects an amazing group each year, and I am honored to be given the opportunity to continue to help create and enhance standards for an increasingly global housing market.”

RESO

I know I’m a little late on this but still wanted to recognize these individuals. Thanks everyone for supporting this industry.

RESO announces 2023 Board of Directors

RESO Announces 2023 Board of Directors Election Winners

“RESO has entered the 2.0 phase of its existence, not only with second-generation versions of the industry-standard RESO Data Dictionary and RESO Web API but with our entire approach to driving the industry forward,” said Rebecca Jensen, who was re-elected 2023 Chair of the RESO board and is President and CEO of Midwest Real Estate Data (MRED). “Our leadership team reflects some of the most tech- and business-savvy minds in real estate, and I am proud to serve alongside them as we continue to bring greater data transparency, consistency, accuracy, ease and speed to the industry.”

Congrats to all and looking forward to seeing what advancements Phase 2.0 will bring!

Looking for a new gig?

Membership Manager – RESO

RESO’s Membership Manager is responsible for coordinating logistics and details in membership and education to support the organization’s strategic plan. The Membership Manager will report directly to the Chief Operating Officer.

The find out about this job or post a job, please visit the Vendor Alley Job Board.

A team from MLSListings launches first UPI into MLS System

Joel Allison and Olga Ermolin

MLSListings Pioneers RESO’s Universal Property Identifier

“One of the best stories to emerge from RESO’s recent 2022 Spring Conference was how MLSListings, based in the heart of Silicon Valley, stepped to the forefront in implementing the RESO Universal Property Identifier (UPI) standard into its multiple listing service (MLS) system.

According to Olga Ermolin, Director of Engineering at MLSListings, “We were determined to do something beyond a simple proof of concept, intentionally implementing the UPI into full production to solve real issues right now, such as delivering thorough property history to our subscribers.”

To see any progress, in any endeavor, there has to be a first. Congrats to Olga and Joel.

RESO Directors Announced

RESO Unveils 2022 Board of Directors, Executive Committee Leaders

“The real estate industry is well represented by this group, which includes:

Rebecca Jensen, MRED; Michael Wurzer, FBS; John Breault, State-Wide MLS; and Richard Renton, Triad MLS; Todd Carpenter, NAR; Jason Normandin, NAR; Matt Cohen, CoreLogic; Bob Evans, Move, Inc.; and Mark Lesswing, T3 Sixty; Turan Tekin, Zillow Group; Andy Woolley, Homes.com; Chris Carrillo, Metro MLS; Shayne Fairley, Stellar MLS; and Frank Major, Bright MLS; Marty Reed, CRMLS; Bill Fowler, Compass; Dan Troup, RE/MAX; Caitlin McCrory, Realogy; and Jeff Young, RPR.

Via The WAV Group

Congrats to everyone and thank you for helping push the industry forward.

The whole magilla!

Look Before you LEAP

“I can’t say I’m an expert in content licensing outside of real estate, but I’m having a hard time thinking of content licensing where the cost isn’t driven by usage volume. For example, pretty much every RE site licenses Google or some other mapping content, and we pay based on usage. APIs like Walkscore (owned by Redfin) are based on usage and other terms. Even beyond content licensing deals, all the cloud providers, such as AWS, Azure, etc., all have usage based pricing. Given this, why is it that real estate content is licensed without terms of use based on usage?”

Interesting response from Michael Wurzer about the new LEAP Policy being floated around. This part is interesting.

“If MLSs would treat the aggregated content as the value it is with proper licensing terms, almost all of the problems LEAP is trying to address would go away. And, more importantly, there would be a sound basis for addressing the wide differences among the sites using the data. Let’s just be clear about this: There’s a HUGE difference in value being derived from the licensed MLS content by Zillow or Realtor.com versus a single agent IDX site. Treating those the same is crazy.”

Really good points here (as usual from Mike). Lots to think about.

Listing Bits Episode 66: How Standards Streamline PropTech – with Sam DeBord of RESO

Policy may not be sexy, but without standards around how we format real estate data and build technology systems, we simply can’t share data or integrate the tools we need to do our jobs well.

Sam DeBord serves as CEO of the Real Estate Standards Organization, the trade group responsible for developing the open standards that drive efficiency and streamline technology for the industry. His resume includes a wide range of leadership positions in the real estate space, including President’s Liaison for MLS and Data Management at NAR and VP of Government Affairs with Washington Realtors. Sam is also the VP of Strategic Growth for Coldwell Banker Danforth in Seattle and writes for REALTOR MagazineInman News and the Swanepoel Trends Report.

On this episode of Listing Bits, Sam describes RESO’s role in the real estate industry, explaining how the standards set by his organization provide certainty for developers and support data shares and tech integrations. He shares the progress RESO has made in the last year, discussing what they have done to streamline compliance certifications and initiate the proposed Listing Exchange Access Policy. Listen in for Sam’s insight on the constraints of the current market (and the new tech that’s emerged as a result) and find out how he thinks about the kerfuffle surrounding the most recent mergers and acquisitions in the real estate space.

What’s Discussed:  

What RESO does to create efficiencies and streamline tech for the real estate industry

RESO’s evolution to an independent trade organization and how it relies on thousands of volunteer SMEs to build its Workgroups

RESO’s recent work to streamline its compliance certifications and create a new development guide for vendors

How RESO standards provide certainty for developers and support data shares and integrations

Why Sam is a proponent of creating a single policy for how data is used and displayed (and how that would help brokers)

RESO’s work with the broker community and CMLS to draft the proposed Listing Exchange Access Policy

The progress RESO has made in just the last year to align industry trade organizations, brokers and MLSs around common goals

How RESO standards helped facilitate the NorCal MLS Alliance

Sam’s take on how the artificial constraints of the current market impact agents and the tech facilitating the trend to buy homes sight unseen 

How Sam thinks about the most recent mergers and acquisitions in the real estate space

Why proptech companies need to recognize our cultural preference to work with an agent

The potential problems associated with a broker-member of an MLS being paid by that MLS for a technology service

Connect with Sam:

Real Estate Standards Organization

Email sam[at]reso[dot]org

Sam on Twitter

Resources:

RESO Workgroups

RESO Web API Tools & Software

RESO’s Broker Advisory Workgroup

RESO Certification

2020 RESO Certification Updates

Andy Woolley

CMLS

NAR

NAR’s MLS Technology & Emerging Issues Advisory Board

Summary of NAR’s 2021 MLS Policy Changes

CMLS’s Participant Data Access Policy

LeadingRE

The Realty Alliance

CMLS’s CCP Implementation Guide

RESO Compliance Guide

NorCal MLS Alliance

Zillow Economist Jeff Tucker on Industry Relations EP059

CoStar

Zillow’s Acquisition of ShowingTime

Greg on Twitter

RESO’s Unique Organizational Identifier (UOI)

Victor Lund at WAV Group

RESO Remix

RESO’s 2021 Fall Conference

Our Sponsor:

Cloud CMA

RESO announces 2021 Officers and Directors

Meet the 2021 RESO Board of Directors!

2021 RESO Executive Board:
Chair: Rebecca Jensen, President and CEO, Midwest Real Estate Data, LLC (MRED) – re-elected
Vice-Chair: Michael Wurzer, President and CEO, FBS, Creators of Flexmls – re-elected
Secretary: Katie Smithson, Director of Enterprise Services, W+R Studios, a Lone Wolf Company – elected
Treasurer: Richard Renton, CEO, Triad MLS – re-elected

Representing Technology Companies, Developers, Partners & Consultants with Revenue Over $25 Million:
Scott Woodard, CEO, ShowingTime – elected
Lucie Fortier, Executive Leader, Product Management, CoreLogic – appointed
Turan Tekin, Director, MLS and Industry Development, Zillow Group – appointed

Representing Multiple Listing Services and REALTOR® Associations with Less Than 50,000 Subscribers:
John Breault, Vice President of MLS and Member Services, Rhode Island Association of REALTORS® & State-Wide MLS, Inc. – elected
Chris Carrillo, CEO, Metro MLS (Incumbent) – elected

Representing Class D, Real Estate Brokerages, Brokers, Agents & Appraisers:
Bill Fowler, Senior Director of Industry Relations, Compass – elected
Dan Troup, Director of Data Strategy & Operations, RE/MAX & Seventy3, LLC (Incumbent) – elected

RESO Board Advisors:
Bob Evans – VP Industry Relations, Move.com 
Liz Tewksbury – Director of MLS Operations, Homesnap

Congratulations Katie Smithson and the rest of the RESO officers and directors. ????

RESO Remote Recap

RESO Remote: Encore Recap

The Real Estate Standards Organization (RESO) held its second digital conference last week, RESO Remote Encore: The Standards Collection. With a +20% percent jump in attendance over the previous conference (which had +30% growth over its prior conference), RESO Remote Encore was a smash hit.

The week was as much a celebration as a conference, as the culmination of some major industry initiatives were highlighted. RESO released its entirely rebuilt, automated certification stack. The newly published Working With Real Estate Data course was revealed. 

Great way to get a recap on the RESO Remote sessions and what’s happening in the RESO community. I loved the theme of this year’s conference and how Sam and crew keep the thread flowing through the whole event. I’m still in awe of how they got Snopp Dogg to intro the conference.

“Bow wow wow, yippee yo, yippee yay”!

Sponsored By REcore